Company sells 28 million units of one share, one warrant at C$0.10
By Devika Patel
Knoxville, Tenn., April 28 – Minera Alamos Inc. said it will conduct a C$2.8 million private placement of units. IBK Capital Corp. is the agent.
The company will sell 28 million units of one common share and one warrant at C$0.10 per unit, with each warrant exercisable at C$0.10 for four years. The strike price is identical the April 27 closing share price.
Proceeds will be used for debt reduction, to evaluate an initial production decision on the Los Verdes copper and molybdenum project in Sonora, Mexico, and for general working capital purposes.
The Toronto company explores for metals.
| Issuer: | Minera Alamos Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$2.8 million
|
| Units: | 28 million
|
| Price: | C$0.10
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Four years
|
| Warrant strike price: | C$0.10
|
| Agent: | IBK Capital Corp.
|
| Pricing date: | April 28
|
| Stock symbol: | TSX Venture: MAI
|
| Stock price: | C$0.10 at close April 27
|
| Market capitalization: | C$645,070
|
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